- This topic has 40 replies, 6 voices, and was last updated 14 years, 2 months ago by
AK.
-
AuthorPosts
-
December 6, 2010 at 12:39 PM #18255December 6, 2010 at 12:56 PM #635917
UCGal
ParticipantI believe FHA lets you buy with a lower downpayment… but there are mandatory PMI costs, and the rate isn’t as good IIRC.
December 6, 2010 at 12:56 PM #636570UCGal
ParticipantI believe FHA lets you buy with a lower downpayment… but there are mandatory PMI costs, and the rate isn’t as good IIRC.
December 6, 2010 at 12:56 PM #636703UCGal
ParticipantI believe FHA lets you buy with a lower downpayment… but there are mandatory PMI costs, and the rate isn’t as good IIRC.
December 6, 2010 at 12:56 PM #637020UCGal
ParticipantI believe FHA lets you buy with a lower downpayment… but there are mandatory PMI costs, and the rate isn’t as good IIRC.
December 6, 2010 at 12:56 PM #635993UCGal
ParticipantI believe FHA lets you buy with a lower downpayment… but there are mandatory PMI costs, and the rate isn’t as good IIRC.
December 6, 2010 at 1:49 PM #636595EmilyHicks
ParticipantWhat kind of interest rate would we get with FHA? We have zero debt and both with credit over 800. And what is IIRC?
December 6, 2010 at 1:49 PM #636728EmilyHicks
ParticipantWhat kind of interest rate would we get with FHA? We have zero debt and both with credit over 800. And what is IIRC?
December 6, 2010 at 1:49 PM #636018EmilyHicks
ParticipantWhat kind of interest rate would we get with FHA? We have zero debt and both with credit over 800. And what is IIRC?
December 6, 2010 at 1:49 PM #637045EmilyHicks
ParticipantWhat kind of interest rate would we get with FHA? We have zero debt and both with credit over 800. And what is IIRC?
December 6, 2010 at 1:49 PM #635942EmilyHicks
ParticipantWhat kind of interest rate would we get with FHA? We have zero debt and both with credit over 800. And what is IIRC?
December 6, 2010 at 2:02 PM #636023Scarlett
ParticipantIf you have 10% down, you shouldn’t go FHA – WAY too expensive in fees. There are enough lenders that will give you a loan with 10% down. Of course you will still have PMI to pay (300-400 extra monthly for that amount). Only catch is that you may have to prove additional funds to pay the PITI for at least 3 months (in addition to your 10% down) – and I don’t know if you retirements count for that.
P.S. rates vary every hour so the question “what rate I would get” is kind of useless…
P.P.S. You can ask HLS (Sheldon). I was in the same boat as you and we got pre-qualed for 10% down loan. We didn’t end up buying but that’s another story.
December 6, 2010 at 2:02 PM #636733Scarlett
ParticipantIf you have 10% down, you shouldn’t go FHA – WAY too expensive in fees. There are enough lenders that will give you a loan with 10% down. Of course you will still have PMI to pay (300-400 extra monthly for that amount). Only catch is that you may have to prove additional funds to pay the PITI for at least 3 months (in addition to your 10% down) – and I don’t know if you retirements count for that.
P.S. rates vary every hour so the question “what rate I would get” is kind of useless…
P.P.S. You can ask HLS (Sheldon). I was in the same boat as you and we got pre-qualed for 10% down loan. We didn’t end up buying but that’s another story.
December 6, 2010 at 2:02 PM #637050Scarlett
ParticipantIf you have 10% down, you shouldn’t go FHA – WAY too expensive in fees. There are enough lenders that will give you a loan with 10% down. Of course you will still have PMI to pay (300-400 extra monthly for that amount). Only catch is that you may have to prove additional funds to pay the PITI for at least 3 months (in addition to your 10% down) – and I don’t know if you retirements count for that.
P.S. rates vary every hour so the question “what rate I would get” is kind of useless…
P.P.S. You can ask HLS (Sheldon). I was in the same boat as you and we got pre-qualed for 10% down loan. We didn’t end up buying but that’s another story.
December 6, 2010 at 2:02 PM #635947Scarlett
ParticipantIf you have 10% down, you shouldn’t go FHA – WAY too expensive in fees. There are enough lenders that will give you a loan with 10% down. Of course you will still have PMI to pay (300-400 extra monthly for that amount). Only catch is that you may have to prove additional funds to pay the PITI for at least 3 months (in addition to your 10% down) – and I don’t know if you retirements count for that.
P.S. rates vary every hour so the question “what rate I would get” is kind of useless…
P.P.S. You can ask HLS (Sheldon). I was in the same boat as you and we got pre-qualed for 10% down loan. We didn’t end up buying but that’s another story.
-
AuthorPosts
- You must be logged in to reply to this topic.